fbpx

Investors could channel up to US$4.9 billion into Rakhine this year

Foreign and domestic companies last week signed 28 expressions of interest (EOI) to conduct business worth a potential US$4.9 billion in the state this year. The bulk of the EOIs were signed by businesses in the hotel and tourism sector, said U Kyaw Aye Thein, Rakhine State Minister of Finance, Revenue, Planning and Economy. “These […]

The wait’s nearly over for foreign insurers

After waiting years to enter the Myanmar market, foreign insurance companies have been told they can expect to be granted operating licences within months. The licences will be issued under an industry liberalisation plan that was delayed for more than a year – a hold-up that the regulator, the Insurance Business Regulatory Board, has defended […]

NYDC invites Expression of Interest for list of Infrastructure Projects. Closing Date 28 Feb 2019

  New Yangon Development Co., Ltd. (NYDC) is inviting interested companies to begin the first step of the NYDC Challenge for the below infrastructure projects for development of the New Yangon City Phase 1. Power Supply and Distribution Public Transport System Cyber Connectivity Infrastructure Municipal Waste Disposal Natural Gas Supply and Distribution Convention Center The […]

EoI, RfP for insurance services invited

Foreign insurance companies which want to provide insurance services, can get Expression of Interest (EoI) and Request for Proposal (RfP), at www.frd.gov.com, an official website of Financial Regulatory Department at Ministry of Planning and Finance. The ministry issued the statement dated January 2, allowing the foreign insurance companies to offer insurance services in the country. […]

Invitation Letter for Expression Of Interest (EOI) To Form Joint Venture to carry on Non-Life Insurance Business in Myanmar. Closing Date 11 Feb 2019

The Government of the Republic of the Union of Myanmar (“the Union Government” or “the Government”) has started the process of reform in the insurance sector by granting licences to local insurers since 2013. Since then, there has been a number of local insurers and foreign representative offices established. In order to increase foreign investment […]

Invitation Letter for Expression Of Interest (EOI) To Form Joint Venture to carry on Life Insurance Business in Myanmar. Closing Date 11 Feb 2019

The Government of the Republic of the Union of Myanmar (“the Union Government” or “the Government”) has started the process of reform in the insurance sector by granting licences to local insurers since 2013. Since then, there has been a number of local insurers and foreign representative offices established. In order to increase foreign investment […]

EOI: Prime 3.167 acres land in Mandalay for redevelopment. Closing Date 21 Feb 2019

Government of Mandalay Region Mandalay City Development Committee Invitation of Expression of Interest (EOI)   The Buildings on the 3.1672 acre land owned by MCDC (Former Nadi Myanmar Hotel, 62nd Street, Between 36th & 37th Street, Maha Aung Myay Township Mandalay. See Google Map location here.) are to be upgraded. Call for tender with PPP […]

Foreign insurance firms may start operations by April 2019: regulator

Qualified foreign insurance providers will receive licenses to operate in Myanmar by April next year. “I can assure it is happening within the next 16 weeks,” U Thant Sin, Director of the Financial Regulatory Department under the Ministry of Planning and Finance, said during the UK Capital Market and Insurance Conference in Yangon on December […]

EOI to Develop 6,982 acres of prime land in Ahlone Township. Closing Date 15 Jan 2019

The Republic of the Union of Myanmar Ministry of Construction Department of Urban and Housing Development Invitation for Expression of Interest For Urban Redevelopment Project An urban redevelopment project, that can support the socio- economic and urban development on the land area of 6.982 acres at No (24-A), Baho Road, Ahlone Township, Yangon,  to be […]

12 applications for first phase of Yangon highway project

The Ministry of Construction says it has received 12 prequalification applications for the Yangon Elevated Expressway Project (YEX) Phase 1. The deadline for submissions of prequalification applications was November 13, and the ministry has announced the companies or consortiums that submitted applications for the project. The companies/ consortiums are VINCI Highways from France, Team Korea […]